📅 2025-01-14
A must-know for multi-home owners! Learn about tax criteria, calculation methods, and tax-saving strategies in detail.
Comprehensive Real Estate Tax is a national tax imposed on those who own real estate above a certain amount. It is levied separately from property tax and aims to stabilize real estate prices by increasing the burden of property ownership. It is divided into housing and land.
Housing: Taxed when total official price exceeds 600M KRW (1.2B KRW for one-house households). Land: Taxed when comprehensive land exceeds 500M KRW, separately aggregated land exceeds 8B KRW. Tax base date is June 1 each year, calculated based on properties held on this date.
One house: 0.6-3.0% (by tax base bracket). Two houses: 1.2-6.0%. Three+ houses: 2.0-6.0%. Adjustment target area 2+ houses: Heavy taxation applied. Tax base = (Total official price - Deduction) × Fair market value ratio. Tax = Tax base × Rate - Progressive deduction.
One-house household: Up to 80% senior/long-term holding deduction (age + holding period combined). Temporary 2-house: Treated as 1 house when meeting requirements. Inherited house: Excluded from house count for 5 years from inheritance. Regional low-price house: One house ≤300M KRW excluded from count.
① Maintain one-house status for 1.2B KRW deduction. ② Maximize senior/long-term holding deduction. ③ Consider selling before official price base date (6.1). ④ Distribute ownership between spouses. ⑤ Consider corporate ownership (comprehensively consider corporate tax). ⑥ Meet temporary 2-house requirements.
Must file and pay between December 1-15 each year. National Tax Service sends payment notice, so payment possible without separate filing, but direct filing may be required to receive deductions/exemptions. Installment payment available (when tax exceeds 2.5M KRW).
Conclusion: Comprehensive Real Estate Tax can significantly increase tax burden for multi-home owners. Accurately understand your holding status and build a reasonable real estate portfolio by maximizing deduction and exemption systems.